EXECUTIVE CONDOMINIUM (EC)

Parc Canberra located at Canberra Link in Sembawang Estate is a new launch Executive Condominium by Hoi Hup & Sunway

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Call: 6969-5530
Email: sales@theparc-canberraec.com
Visit: Canberra Link

Executive Condominium (EC)

These are the eligibility conditions to buy a new Executive Condominium (EC) from a developer. Before you submit an application, learn what conditions apply you buy an EC, and find out if you must pay a resale levy.

What are the eligibility conditions?

Overview of eligibility conditions

Family nucleus	You will need to qualify for the EC under one of these eligibility schemes: Public Scheme Fiancé/Fiancée Scheme Orphans Scheme Joint Singles Scheme
Citizenship	You must be a Singapore Citizen At least 1 other applicant must be a Singapore Citizen or Singapore Permanent Resident All singles must be Singapore Citizens if applying under the Joint Singles Scheme
Age	At least 21 years old At least 35 years old, if applying under the Joint Singles Scheme
Income ceiling	Your household income must not exceed the $14,000 income ceiling.
Property ownership	You do not own other property overseas or locally, or have not disposed of any within the last 30 months You have not bought a new HDB/ DBSS flat or EC, or received a CPF Housing Grant before; or, have only bought 1 of these properties/ received 1 CPF Housing Grant thus far

Which eligibility scheme do I apply under?

Public SchemeYou form a family nucleus with any of the following:Spouse, and children (if any) Parents, and siblings (if any) Children under your legal custody, care and control (if widowed/divorced#)#If the care and control of your children under the age of 21 is shared with your ex-spouse, you must obtain his/her written agreement before you can list your children in a flat application.No change of people listed in the applicationApplications under this scheme are only valid if there are no changes to the people listed in the application. This means that in the case of a break-up, you are not allowed to subsequently include the name(s) of a new fiancé/fiancée or your parents in the application, even if your ex-fiance/fiancée agrees.If applying for a dual-key EC as a multi-generation familyA multi-generation family is any of the following:Married/engaged couple and parent(s)/grandparent(s) Widowed/divorced with children under legal custody, care and control# and parent(s)/ grandparent(s)#If the care and control of your children under the age of 21 is shared with your ex-spouse, you must obtain his/her written agreement before you can list your children in a flat application.If you face difficulties in obtaining the agreement or have a question for us, please send us an email.Fiancé/Fiancée SchemeYou form a family nucleus with your spouse-to-be.Submission of marriage certificateUnder this scheme, you need to submit a photocopy of your marriage certificate to the developer within 3 months* of collecting your keys to the EC unit.*Applicable for Option To Purchase granted by property developer on or after 1 May 2018Written parental consent needed if spouse-to-be is 18 years old and above, but below 21 That person can only be listed as an essential occupier in the flat application Written consent from that person’s parents/ guardians must be submitted during the EC selection appointment. Special Marriage Licence needed if spouse-to-be is below 18 years oldFollowing your flat application, you must obtain a Special Marriage Licence from the Ministry of Social and Family Development and submit it to us during the EC selection appointment.No change of people listed in the applicationApplications under this scheme are only valid if there are no changes to the people listed. That means that, in a case of break-up, you are not allowed to subsequently include the name(s) of a new Fiancé/Fiancée or your parents in the application, even if your ex-Fiancé/Fiancée agrees.If applying for a dual-key EC as a multi-generation familyA multi-generation family is any of the following:Married/ engaged couple and parents/ grandparents Widowed/divorced with children under legal custody, care and control# and parent(s)/grandparent(s)#If the care and control of your children under the age of 21 is shared with your ex-spouse, you must obtain his/her written agreement before you can list your children in a flat application.Orphans SchemeYou and your siblings (those applying) are orphans and single, i.e. unmarried, divorced, or widowed:All of the siblings that are single must be listed in the same application At least 1 of the deceased parents was a Singapore Citizen or Singapore Permanent ResidentPlease note that under the Orphans Scheme, siblings are not allowed to buy or rent flats separately.Joint Singles SchemeYou and up to 3 other co-applicants, and all of you are:Single (unmarried, divorced, or widowed) Singapore Citizens At least 35 years old Applying jointly as co-applicantsThe CPF Housing Grant for singles is not available when buying an EC.

What is the income ceiling?

Your average gross monthly household income must not exceed $14,000.

What income documents must I submit?

Nature of Employment	Documents to Submit	Notes
Employed person	^#3 months’ payslips preceding the month of application or Letter from employercertifying salaries for ^#3 months preceding the month of application; the letter must contain the: Company stamp/ letterhead Certifying officer’s name, signature, and designation Note: If your income includes allowances, we will require ⁺6 months’ payslips preceding the month of application.	Assessment is based on the average gross monthly income, which: Excludes bonuses and income earned from overtime work Includes allowances (fixed/ variable) received on a regular basis (e.g. allowances for food, transport, laundry, uniform, etc.) ^{^}If you are employed full-time but on no-pay leave for less than 6 months, we will consider you as employed and use your last drawn pay for assessment. If you are on no-pay leave for 6 months or more, your income will not be considered in the assessment. Notice of Assessment (NOA) from the Inland Revenue Authority of Singapore (IRAS) will not be accepted
Part-time worker	⁺6 months’ payslips preceding the month of application or Letter from employercertifying salaries for ⁺6 months preceding the month of application; the letter must contain the: Company stamp/ letterhead Certifying officer’s name, signature, and designation	Assessment is based on the average gross monthly income.
Commission-based person	⁺6 months’ commission statements/ payslips preceding the month of application or Letter from employer certifying salaries for ⁺6 months preceding the month of application; the letter must contain the: Company stamp/ letterhead Certifying officer’s name, signature, and designation	Assessment is based on the average gross monthly income.
Odd job worker	Latest NOA from IRAS or certifying salaries for ⁺6 months preceding the month of application; the letter must contain the: Company stamp/ letterhead Certifying officer’s name, signature, and designation	Assessment is based on the average gross monthly income.
Unemployed person (between 18 to 62 years old)	Statutory Declaration affirming the employment status or Valid Student Pass or letter from school/ college/ institute of learning to confirm student status, if currently a full-time student If unemployed for less than 3 months, the following documents are required: Income proof for the preceding month(s) from the previous employer stating gross monthly income and last day of service Latest 15 months’CPF contribution history	The Statutory Declaration can be made at the Sales Office at HDB Hub or at any HDB Branch. Declarants are required to bring along their Identity Cards If not in Singapore, the Statutory Declaration can be made in the presence of a Commissioner for Oaths or a Notary Public for that country

What if I am an undischarged bankrupt?

Prior consent must be obtained from the Official Assignee (OA) or the private trustee if you are applying to buy an EC. You do not need to seek prior consent from the OA or the private trustee to be listed as an occupier.

Am I a first or second-timer applicant?

First-timer applicant

First-timers enjoy privileges and priority in flat allocation.

Yours will be treated as a first-timer application if you and any of the other listed owners and essential occupiers meet the following criteria:

Not the owner of a flat bought from HDB, or an EC/ DBSS flat bought from a developer
Not sold a flat bought from HDB, or an EC/ DBSS flat bought from a developer
Not received any CPF Housing Grant for the purchase of an HDB resale flat
Not taken any form of housing subsidy (e.g. benefitted under the Selective En bloc Redevelopment Scheme (SERS) or HUDC estate privatisation)

If you are a second-timer and your spouse/ spouse-to-be is a first-timer, you will be glad to know that you and your spouse/ spouse-to-be will enjoy first-timer privileges and priority as a couple.

Second-timer applicant

Yours will be treated as a second-timer application if any of the following applies to you or any of the other listed owners and essential occupiers:

Have owned or sold any of the following:
- HDB flat bought from HDB
- Resale flat bought using a CPF Housing Grant
- EC/ DBSS flat bought from the developer
Once taken some form of housing subsidy (e.g. benefitted under the Selective En bloc Redevelopment Scheme (SERS), HUDC estate privatisation)

Are there any time periods during which I cannot apply for an EC unit?

Yes. There are instances where you may need to wait out a set time period before you can apply or be listed in the application for a new EC unit.

This usually happens when someone:

Has not met the Minimum Occupation Period (MOP) of a current flat/ EC unit
Is a divorcee
Has previously canceled a flat application, or twice chose to not book a flat

MOP requirements: current owner/ essential occupier of a flat or an EC unit

Before applying for the new EC unit, you need to check if you or any other flat applicant(s)/ essential occupier(s) to be listed in the EC application own any of these:

HDB flat bought from HDB or on the open market
EC unit/ DBSS flat bought from the developer

If so, that person must have already met that flat/ EC’s 5-year MOP before he can apply for a new EC unit. An essential occupier must also have met the flat/ EC’s 5-year MOP before he can be listed in a new EC application.

In the case of ECs, you must also wait out a 30-month period from the EC’s effective date of disposal, which we will verify using your Notice of Transfer, or any other such documentation we may require.

Can I get a new EC flat if I used to/ still own or have full/ partial interest in a local/ overseas non-HDB property?

No, you may not. For an EC flat application, all the listed owners and essential occupiers must not own, dispose, or have an estate or interest in any other local or overseas property:

Within 30 months before the date of the EC application, and up to the date of taking possession of the EC

The properties considered in this instance include but are not limited to:

Privatized HUDC flats
Properties acquired by gift
Properties inherited as beneficiaries under a will or as a result of the Intestate Succession Act
Private property
Properties owned, acquired, or disposed through nominees, regardless of properties’ location

Can I get a new EC if I used to/ still own an HDB flat, DBSS flat, or EC?

Yes, provided that you only own/ owned 1 of the following units prior to your application:

Flat bought from HDB
EC/ DBSS flat bought from the developer
HDB resale flat bought using a CPF Housing Grant (only applies to first-timer applicants)

In essence, an eligible Singapore Citizen is allowed to buy the above properties twice in total, not twice per type of property.If you have already bought 2 such properties, you will not be eligible to apply for an EC or be listed as an essential occupier in an application.

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EXECUTIVE CONDOMINIUM (EC)

For Sale Enquiries